The AP reports:

Danillo Gallinari

Former Knicks forward Danilo Gallinari is reportedly close to rejoining his former Italian team Olimpia Milano during the NBA lockout.

Both sides are working out insurance details before Gallinari signs a contract, the Gazzetta dello Sport reported Tuesday.

Gallinari has already agreed to travel with Olimpia to a preseason camp in Spain on Thursday, according to the Italian sports daily.

Olimpia spokesman Flavio Suardi told The Associated Press that no deal had been finalized yet.

Olimpia’s new coach is Sergio Scariolo, who guided Spain to the European Championship on Sunday in Lithuania. Along with fellow NBA players Andrea Bargnani and Marco Belinelli, Gallinari was on the Italy squad that failed to advance to the second round.